Get Started

New Jersey inland marine insurance and the special-risk list

New Jersey's Department of Banking and Insurance places inland marine with ocean marine and automobile and aircraft physical damage in the same statutory lines paragraph. It also says a special risk under N.J.S.A. 17:29AA-3k includes inland marine insurance, so commercial inland marine is not on the ordinary prior-approval path. Personal inland marine rates, rules, and forms remain subject to prior approval. Bulletin 26-02 files some travel policies as personal inland marine and accident-and-sickness-only travel policies as accident and health. 1,2,3

What Is Tools, Equipment And Inland Marine?

If your business moves equipment between sites or ships goods, inland marine can cover those property exposures; installation and other forms address different property categories. Match the quote to what you own, rent or hold for others. Read the national Tools, equipment and inland marine guide.

What to Watch for in New Jersey

  • Commercial Inland Marine Is on the Special-Risk List

    The property and casualty office says a special risk includes risks on the special-risk list, commercial lines risks producing minimum annual premiums over $10,000, inland marine insurance, or fidelity, surety, or forgery bonds. Inland marine is named on its own, not only when the premium exceeds $10,000. That classification changes filing. It does not tell you whether a tool floater covers theft from a van. 2

  • Personal Inland Marine Still Needs Prior Approval

    The same office says personal inland marine rates, rules, and forms are subject to prior approval under N.J.S.A. 17:29A. A personal jewelry floater and a commercial contractors-equipment policy are not on the same filing clock. Ask which one you are buying. 2

  • Travel Policies Split Between Inland Marine and Accident and Health

    Bulletin 26-02 says travel insurance is classified and filed as personal inland marine or as accident and health. Policies that cover only accident and sickness are filed as accident and health. All other travel policies are filed as personal inland marine. Do not assume a travel purchase is the same contract as goods in transit. 3

  • Inland Marine Shares a License Paragraph With Auto Physical Damage

    The lines-of-authority chart maps ocean marine, inland marine, automobile physical damage, and aircraft physical damage to N.J.S.A. 17:17-1, paragraph b. The statute text itself was not opened, so this guide does not restate subclasses. A producer authority that includes that paragraph is not evidence that a particular floater is in force. 1

Who Regulates Insurance in New Jersey

New Jersey Department of Banking and Insurance

New Jersey DOBI licenses insurers and producers, reviews insurance products and rates, monitors insurer solvency and responds to insurance complaints. The Property and Casualty unit regulates commercial and personal property and casualty rates, rules and forms. 4,5,6,7

Surplus-lines tax and stamping office

Reported tax rate: 5% of gross premium, less return premium New Jersey’s Department of Banking and Insurance states a 5% surplus-lines tax for policies effective on or after July 1, 2009; its FAQ also describes direct-procurement tax filing for premium allocated to New Jersey. A New Jersey surplus-lines producer generally must make a diligent effort to place the risk with authorized insurers, subject to the exportable-list and other statutory exceptions. New Jersey’s separate surplus-lines guaranty fund has narrow coverage; ordinary commercial surplus-lines claims are generally outside guaranty protection. 8,9,10

Providers With Documented State Licenses

These providers publish a national listing for Tools, equipment and inland marine; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in New Jersey. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • RisklyticsRisklytics, Inc.Insurance producer · checked 2026-09-28Risklytics’ licensing page lists its Massachusetts resident agency license plus state license records in Arizona, Colorado, Illinois, Indiana, New Jersey, Ohio, Texas and Washington; it identifies the NPN record date as September 10, 2026. This list is company-published and not a product availability map. 16Risklytics arranges inland marine equipment coverage for robotics, hardware and AI businesses.
  • TechInsuranceSpecialty Program Group LLCInsurance producer · checked 2026-09-28TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 17TechInsurance arranges inland marine coverage for contractors’ tools and equipment.

Questions to Ask Before You Buy in New Jersey

  1. Is the quote commercial inland marine, personal inland marine, or a travel policy filed as one of those?
  2. Which goods are in transit, at a job site, or in your own premises?
  3. Does the form schedule contractors' equipment separately from automobile physical damage?

Tools, Equipment And Inland Marine in New Jersey: FAQ

Is commercial inland marine a New Jersey special risk only if the premium exceeds $10,000? 2

No. The Department lists inland marine insurance itself as a special risk under N.J.S.A. 17:29AA-3k, alongside a separate category for commercial risks with annual premiums over $10,000. 2

Are all New Jersey travel policies filed as inland marine? 3

No. Bulletin 26-02 says policies that cover only accident and sickness are filed as accident and health. Other travel policies are filed as personal inland marine. 3

Tools, Equipment And Inland Marine in Other States

Other Coverage in New Jersey

Sources

  1. New Jersey Insurance Lines of Authority. New Jersey Department of Banking and Insurance; N.J.S.A. 17:17-1, paragraph b. Accessed 2026-09-29.
  2. Office of Property and Casualty. New Jersey Department of Banking and Insurance; Special risk under N.J.S.A. 17:29AA-3k; personal inland marine prior approval. Accessed 2026-09-29.
  3. Bulletin No. 26-02. New Jersey Department of Banking and Insurance; Travel insurance filing split; N.J.S.A. 17:46E-9a. Accessed 2026-09-29.
  4. New Jersey Department of Banking and Insurance. New Jersey Department of Banking and Insurance; Official regulator homepage. Accessed 2026-09-28.
  5. Division of Insurance. New Jersey Department of Banking and Insurance; States that Division issues insurer/producer licenses, reviews products and rates, monitors solvency and responds to consumer concerns. Accessed 2026-09-28.
  6. Insurance Licensing and Education. New Jersey Department of Banking and Insurance; Official producer licensing page links to NJDOBI Licensee Search and SBS Licensee Search. Accessed 2026-09-28.
  7. Consumer Information. New Jersey Department of Banking and Insurance; Official consumer assistance/complaints destination; DOBI hotline 800-446-7467. Accessed 2026-09-28.
  8. Surplus Lines FAQs. New Jersey Department of Banking and Insurance; Current DOBI FAQ states 5% on policies effective on/after July 1, 2009 and identifies direct-procurement filing when NJ receives an out-of-state surplus-lines premium allocation. Accessed 2026-09-28.
  9. N.J.A.C. 11:1-33.3, Surplus Lines Procurement Requirements. New Jersey Department of Banking and Insurance; Rule requires diligent effort to place with authorized insurer except coverages on Exportable List. Accessed 2026-09-28.
  10. Surplus Lines Tax Q&A. New Jersey Department of Banking and Insurance; DOBI FAQ states Surplus Lines Guaranty Fund covers medical malpractice liability and property covering owner-occupied dwellings under four units; this is narrow and not ordinary business coverage. Accessed 2026-09-28.
  11. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  12. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  13. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  14. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  15. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  16. About Risklytics. Risklytics; What we do; Who we insure; Licensing; Agency licenses table dated 2026-09-10. Accessed 2026-09-16.
  17. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  18. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

Get Help With Insurance Buying and Renewals.

Get help buying coverage and managing renewals, with less paperwork for your team. Start with a free consultation.

Talk to Spot